US 30 Correction may NOT be over folks- Risk = High!
We got a symmetric triangle in the 1hrs on 10/17 with arrowhead exactly on the 0.50 Fibo retrace line. Pretty spooky and not yet Halloween.
In chart an ABC EW correction wave shows a suggested pattern IF this Dog is gonna lie down again it will be soon- make or break.
Seems an unlikely coincidence that we got a stalled rally exactly at 0.50. Call me crazy but... I think maybe the fat lady didn't sing yet, folks.
That said, this could be alternate EW wave 3 starting if it break up from here.
If it break up then we got a new impulse and it will bull.
If it be red futures on Thursday morning, sailor take warning, get out your puts, she's goin down then.
If this occurs, C wave will be about same as A was so another 1400 pt drop might stop around 24300-24400.
I closed out all my longs today and sit on cash, risk is extremely high atmimo, for both long or shorts; can break either way but it's gonna break soon- look out!
As always this post for your amusement and education only and does not constitute investment advice; good luck!
In chart an ABC EW correction wave shows a suggested pattern IF this Dog is gonna lie down again it will be soon- make or break.
Seems an unlikely coincidence that we got a stalled rally exactly at 0.50. Call me crazy but... I think maybe the fat lady didn't sing yet, folks.
That said, this could be alternate EW wave 3 starting if it break up from here.
If it break up then we got a new impulse and it will bull.
If it be red futures on Thursday morning, sailor take warning, get out your puts, she's goin down then.
If this occurs, C wave will be about same as A was so another 1400 pt drop might stop around 24300-24400.
I closed out all my longs today and sit on cash, risk is extremely high atmimo, for both long or shorts; can break either way but it's gonna break soon- look out!
As always this post for your amusement and education only and does not constitute investment advice; good luck!
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Looks bearish...
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Morning bullishness gave way to afternoon delight. Expect brief rally Friday before the big drop early next week.
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Another symmetrical triangle has formed. LIkely retest of TL soon?
